February 22, 2012
Affordable and Livable
Mandarin Residences: All the amenities a homeowner could want are within walking distance of two new Richmond towers
Living within an urban centre just walking distance to all the amenities is not only healthy – it’s great for the environment. Located adjacent to the Brighouse SkyTrain Station, Mandarin Residences Richmond City Centre will be walking distance to international shopping, great restaurants and numerous coffee shops – step outside and be the first on the Canada Line.
Life is literally at the elevator door. “When you come down the elevator you will have more than one million square feet of retail and dining space to choose from,” says Bob Rennie, owner of Rennie Marketing Systems. “You can walk to pick up your dry cleaning, shop for your groceries and go out for dinner without ever having to drive.”
Once completed in late 2014, Mandarin Residences – a joint development of Fairborne and Wall Financial – will comprise two 16-storey towers with a combined total of 348 homes. Affordability and livability is what Mandarin Residences is about.
“Sixty per cent of the homes will be priced under $400,000,” says Rennie. “Also, the least expensive will be under $300,000.” With soaring energy costs, increasing fuel prices, expensive real estate and environmental concerns on the public’s mind, many people are attracted to the advantages of urban living – city centres that offer them an opportunity to cut their living expenses by living, playing and working within walking distance of their home.
Mandarin Residences will connect people with transportation options, arts and entertainment venues, library, sports facilities and much more. Mandarin Residences is a lifestyle choice – one that espouses the live, work and play motto. “There is also evidence to suggest a correlation between more walkable neighbourhoods and property values, thereby boosting homeowner return on investment,” adds Rennie.
In addition, Richmond is consistently ranked as one of the most livable cities in the Greater Vancouver area and one where real estate holds its value. “Richmond property values have done exceedingly well and lead the statistics in value appreciation when compared to all other municipalities in the GVRD,” Rennie says. In keeping with the look and feel of a thriving urban metropolitan area, Mandarin Residences’ towers are designed to have the look and feel of a high-end hotel.
Meanwhile, the best of both development partners will be featured at Mandarin Residences. Fairborne has built a reputation for designing homes that add value to the communities in which they build. The winner of the Urban Development Institute’s 2005 Award for Excellence in Urban Development is known for creating communities with an emphasis on amenities-rich neighbourhoods, such as Richmond Centre.
Wall Financial is known for quality and value – with an impressive portfolio of landmark communities including Wall Centre, Wall Centre Richmond, and Yaletown Park.
Mandarin Residences At A Glance
Location:No. 3 Road and Saba Road
Prices: From $299,900
Sales Centre: 604-233-1687
Previews: Begins March 2012